The Economic Offences Wing (EOW) has filed the second charge sheet against a total of 63 entities in the NSEL scam of 2013, which eventually led to the liquidation of the NSEL. This includes a total of 36 companies and 27 individuals. The NSEL had defaulted Read more [...]

The markets did show a sharp bounce ahead of the last F&O expiry of the year as a mix of short covering in select stocks propped up the markets. There was selected covering in stocks like Zee and Adani Ports which are sharply down. The Dow Read more [...]

In one of its most frenetic rallies, the Dow Jones index surged by more than 1085 points or 4.98% in a single day on Wednesday as economic data came in stronger than expected. Analysts are of the view that the markets were already substantially oversold Read more [...]

There was a mix of short covering and measured institutional support on Friday as Nifty again showed strength to close above the 10,850 mark. The markets may face its first signs of resistance only around the 11,000 mark. The government decision Read more [...]

The RBI extended the single window enhanced borrowing limit facility for NBFCs till 31st March of 2019. The limit for NBFCS had also been enhanced from 10% to 15% of capital funds in October immediately after the NBFC liquidity crisis that cropped up Read more [...]

Markets across the world were weak on Monday and the Nifty also lost nearly 100 points to touch the 10,660 levels. The Nifty has lost nearly 350 points from the recent peak in a span of just 3 days. With the Dow Jones losing nearly 2200 points Read more [...]

In one of the worst series of sessions, the Dow Jones Index lost nearly 2200 points in a span of just 6 trading sessions as the worries of an inverted yield curve and a prolonged trade war spooked the US markets. The coming week is also likely to see Read more [...]

The price of Brent Crude fell by nearly 11% in a single weak taking the fall since the peak of October to well over 35% as Brent Crude touched an 18 month low of $53.82/bbl. There were two primary reasons for the sharp fall in the price of Brent Crude. Read more [...]